Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao:
$198.83 per tonne, up $8.32 per tonne
62% Fe low-alumina fines, cfr Qingdao:
$201.26 per tonne, up $8.59 per tonne
58% Fe fines high-grade premium, cfr Qingdao:
$172.85 per tonne, up $10.05 per tonne
65% Fe Brazil-origin fines, cfr Qingdao:
$232.80 per tonne, up $7.90 per tonne
62% Fe fines, fot Qingdao:
1,395 yuan per wet metric tonne (implied 62% Fe China Port Price:
$205.18 per dry tonne), up by 81 yuan per wmt
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) kept trending upward throughout the day before closing 4% higher than last Friday’s close of 1,063 yuan ($167) per tonne.
Similarly, the most-traded June iron ore forward-month swaps contract on the Singapore Exchange (SGX) gained strength during the day. By...